Posted on 07/26/2011 11:01:49 AM PDT by moshiach
I could never understand why the simple interest paid at a bank is fully taxed yet money from dividends and capital gains is given a break......
Because savings account interest is paid to people that don’t have political connections. It’s a rigged system.
..I don't care what stats or figures or charts people come up with..
.I know that we pay tons of taxes from income, to SS to Medicare to phone to cars to fuel to property tax and the list goes on and on...
for that, we have lousy schools....parks that get closed to us....roads that need constant repair...libraries closing early...no free college scholarships because we make "too" much..
stats,charts, etc be damned.....the middle class wage earners are getting shafted....our way of living is decreasing while others are rapidly rising...the "poor" and the rich....I blame them both...
as long as drug reps, as an example, get to deduct their golfing vacations from their taxes because they "meet" with clients, then the tax system is giving the rich way more advantages than the rest of us...
I believe in working hard and getting rewarded....I believe in capitalism....but this country's tax system is shafting most of us....
So this means that 12% difference can be spent on real products such as yachts, corporate jets, caviar, and champagne which will provide income for yachtmakers, plane builders, fishermen and grape pickers.
You sir are an idiot.
Two words: FLAT TAX
That's a pretty pathetic assumption. Have you been educated far beyond your intelligence?
Nice job on the Class warfare and introducing Socialist notions into the mix all in one fell swoop.
Here is an idea. How about no income tax at all and we only pay taxes when we buy something and it is only on new items in a place of business. If I sell my old guitar Uncle Sam nor the State of Ohio get squat (I already paid the taxes on it when I bought it!) Then we don't need deductions or tax brackets or tax lawyers. We don't need to hire accountants to deal with tax laws and instead we can have them help us deal with business issues like making more money by way of better management of our money.
As long as the Democrats are allowed to use taxes as a wedge issue we will have the mess we have now with overspending.
Repeal the Income Tax Amendment replace it with a Sales Tax Amendment and make it so the only way Congress can try and raise the rate is by "an eight thirds majority vote in both houses!" (translation: NEVER!)
Fed Reserve lent out $16 Trillion dollars to financial institutions.
source: http://hotair.com/archives/2011/07/22/fed-audit-16-trillion-in-loans-to-banks-in-less-than-three-years
Its almost cliche to say the Federal Reserve is out of control.
We have one institution borrowing money like crazy (Congress) another institution printing money like crazy (Fed Reserve.) It all fuels inflation; the five dollar bill is the new one dollar bill.
2012 we need a new president who uses the veto pen often; pledging to veto all debt ceiling increases. And fire Bernanke.
Apparently, and he's a sixth-grade dropout at that.
what is the dollar amount that these 400 job providers pay?
I bet it’s a helluva lot
Exacatly
It's a double whammy you taxed on the privilege of maintaining your purchasing power versus a money debasing central bank.
Is Steve Forbes still in control of this magazine? Are we sure it hasn’t been taken over by Gannett or someone?
How about a better idea: we get rid of all taxes and all government interference and enjoy a totally free market economy.
No rules, no checks, no balances--you do whatever you can get away with to be as rich as possible, letting the market place decide.
And you end up with feudalism.
Who’s wealth would you spread around? Who decides what level of income is “rich”? What you call spreading the wealth I call theft andextortion. I am on the receiving side of the rich (just barely meet obamas criteria) and I will tell you it is no fun to be one of the folks chosen to “spread it around”.
I paid over 100k in federal tax last year. How much more should I pay to be “fair”? What about the 80k per year I am currently paying for my kids college? With no financial aid cause I’m “rich”? I have to pay for other peoples kids before I can pay for mine. Every dollar I have to increase my earnings by to cover for my kids is taxed at a out a 50% marginal rate. So to make 80k in tuition I actually have to make 160k. That’s a lot of overtime. How much more do you think would be fair?
Give me a break. The “rich” no matter how defined are just as entitled to keep the money they earned as everyone else is. I’m so tired of the soak it to the rich (as long as rich is defined as someone else) crowd I could barf. Atlas will shrug at some point. Don’t doubt it
You're being ripped-off.
But somebody's gotta pay that college coach's million a year salary so he can teach kids how to bouce a ball around.
I have a formula to suggest. But later--I have work to do right now.
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